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The largest recall in Toyota Motor Corp. history will probably put a serious dent in the Japanese automaker's pocketbook. But the hit to Toyota's image could prove even more damaging.
http://www.latimes.com/business/la-fi-toyota-cost26-2009nov26,0,2914702.story
(AP Photo/Carolyn Kaster) The accelerator pedal, right, in a 2010 Toyota Camry is seen on the show room floor of Bobby Rahal Toyota in Mechanicsburg, Pa., Wednesday, Nov. 25, 2009. Toyota Motor Corp.
Lexus held its global Taste of Lexus event in Bahrain last week on November 11 and 12. The event took place at the Banyan Tree Spa and Resort and was attended by more than 50 media members from...
The auto maker said would fix the gas pedal on four million vehicles it recalled in September over sudden acceleration issues related to floor mats causing the pedal to get stuck.
http://online.wsj.com/article/SB10001424052748703499404574557540432697208.html
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CHICAGO, Nov 25, 2009 (Xinhua via COMTEX) --
Toyota Motor Corp. will fix the gas pedal on 4.26 million vehicles it is recalling to prevent loose mats from trapping it and causing unintended acceleration, the company and U.S. safety regulators said Wednesday.
Toyota also will install a brake override system on some of the models as "an extra measure of confidence," the company said.
The brake override system, which stops the car from acceleration if there is any pressure on the brake, will be applied eventually across the entire model range, Toyota officials said.
Toyota's recall notice, filed Wednesday, said the number of affected vehicles is 4.26 million produced as of Nov. 15, a figure that could increase as Toyota will have to fix vehicles it sells through at least Dec. 31.
Toyota will begin notifying customers in late December, but will not complete the notification until June.
The Japanese automaker has been under enormous pressure to respond to hundreds of reports of unintended acceleration of Toyota and Lexus vehicles in the United States in recent years.
Tags: recall
Companies: Toyota Motor Corp. (TM)
Nov 25, 2009 (SmarTrend(R) News Watch via COMTEX) --
11/25/2009-Toyota Motor (NYSE:TM) will reportedly replace gas pedals on 3.8 million recalled vehicles in the US in an effort to correct flaws that cause the models to suddenly accelerate or cause the pedal to get stuck to the floor mat, according to an AP report.
The Transportation Department told AP that Toyota plans to shorten their gas pedals beginning in January while it makes a new pedal to replace the faulty ones, which should be available in April. Furthermore, the report indicated that some vehicles will be equipped with brake override systems.
AP said that affected models included "2007-10 model year Camry, 2005-10 Toyota Avalon, 2004-09 Prius, 2005-10 Toyota Tacoma, 2007-10 Toyota Tundra, 2007-10 Lexus ES350 and 2006-10 Lexus IS250/350."
Write to Chip Brian at cbrian@tradethetrend.com
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Tags: gasoline market nyse securities
Companies: Toyota Motor Corp. (TM)
Nov 25, 2009 (MarketNewsVideo.com via COMTEX) --
Toyota Motor Corporation (TM) said Wednesday needs to recall 3.8 million vehicles to replace faulty floor pedals.
Drivers reported sudden acceleration and the possibility of the gas pedal getting stuck in the down position.
Toyota will repair the pedals as well as install brake override systems in some vehicles.
If you own a Toyota, you'll want to know which vehicles are affected. Toyota is recalling the 2007 to 2010 Camry, the 2005 to 2010 Avalon, the 2004 to 2009 Prius, the 2005 to 2010 Tundra, the 20017 to 2010 Lexus ES 350, the 2006 to 2010 Lexus IS 250, and the 2006 to 2010 Lexus IS 350.
The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=200911Toyota112509&mv=1.
http://www.marketnewsvideo.com/
Companies: Toyota Motor Corp. (TM)
Washington, D.C., Nov 25, 2009 (PRNewsChannel.com via COMTEX) --
The National Highway Traffic Safety Administration today announced that Toyota (NYSE:TM) has identified a vehicle-based remedy to fix a sudden acceleration safety issue involving floor mats trapping accelerator pedals in various Toyota and Lexus models. Toyota announced the recall of these vehicles in early October and said it would soon develop a vehicle-based remedy to reduce the risk of a crash due to accelerator pedal entrapment.
The models involved in the recall are: 2007 to 2010 MY Camry, 2005 to 2010 MY Avalon, 2004 to 2009 MY Prius, 2005-2010 MY Tacoma, 2007-2010 MY Tundra, 2007-2010 MY ES 350, 2006-2010 MY IS 250, and 2006 to 2010 MY IS 350.
NHTSA said Toyota plans to reconfigure the accelerator pedal, and in some cases the shape of the floor surface under the pedal, to address the risk of pedal entrapment due to floor mat interference, particularly with regard to inappropriate or improperly attached floor mats. At the same time, Toyota will develop replacement pedals for these vehicles, which will become available for some models in April 2010. Toyota will provide owners with the new pedal, when it becomes available, even if the vehicle has already received the modified pedal under the recall.
In addition, vehicles with any genuine Toyota or Lexus accessory all-weather floor mats will be provided with newly-designed replacement driver- and front-passenger side all-weather mats.
NHTSA also said that Toyota will, in addition to these announced vehicle-based remedies, install a brake override system on the involved Camry, Avalon and Lexus ES 350, IS 350 and IS 250 models as an extra measure of confidence. The brake override system would ensure the vehicle would stop if both the brake and the accelerator pedals are simultaneously applied. NHTSA is particularly pleased that Toyota is taking this additional step.
NHTSA said that Toyota intends to notify vehicle owners on a rolling basis, starting with owners of the ES 350, Camry, and Avalon vehicles. While awaiting Toyota's notification, NHTSA urges owners to remove all removable driver's side floor mats and not replace them until their vehicles have received the remedies being provided by Toyota. Toyota will begin making the necessary fixes to the recalled vehicles beginning early in 2010, perhaps in January. Initially, Toyota dealers will be instructed on how to reshape existing accelerator pedals. Later, replacement accelerator pedals will be available for installation on vehicles not yet remedied or, if the owner so chooses, even to replace the modified pedals.
For more information, consumers are urged to contact Toyota at 1-800-331-4331 or the NHTSA hotline at 1-888-327-4236.
Contact: Karen Aldana Telephone: (202) 366-9550
prnewschannel.com
Companies: Toyota Motor Corp. (TM)
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Automotive News reports on core differences between Toyota and Honda, and how they affect the Prius and Insight hybrids. Read this blog post by Automotive News on The Car Tech blog.
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Learn about forklifts in our buyer's guide and receive free fork lift price quotes from leading forklift manufactures such as Nissan, Toyota, and Mitsubishi.
http://www.buyerzone.com/industrial/forklifts/qz_questions_793.jhtml?aff=omc
NEW DELHI: Japanese car giant Toyota on Friday said it will upgrade its technical training collaboration programme in India and increase the number of tie-ups with Industrial Training Institutes (ITIs) to 40 in three years.
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Car and truck manufacturer. Features corporate and shareholder information, and links to subsidiary companies. ( NYSE: TM )
Official Site of Toyota Motor Sales - Cars, Trucks, SUVs, Hybrids, Accessories & Motorsports.
News about the Toyota Motor Corporation. Commentary and archival information about the Toyota Motor Corporation from The New York Times.
http://topics.nytimes.com/top/news/business/companies/toyota_motor_corporation/index.html
A Toyota Camry on display at a dealership in Richmond, Va.Toyota said ... Times Topics: Toyota Motor Corporation
http://www.nytimes.com/2009/11/26/business/26toyota.html?ref=todayspaper
Downtown comes alive with the annual Toyota-Scion of Iowa City Jazz Festivals. Enjoy over 26 acts on four different stages over the weekend. The mainstage is located on the Pentacrest in front of the historic Old Capitol. Visit www.summerofthearts.org for a complete schedule.
http://www.downtowniowacity.com/event/2007/06/12/list/all/all
Various Life Time Fitness locations in Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Maryland, Michigan, Minnesota, Missouri, Nebraska, North Carolina, Ohio, Texas, Utah and Virginia.
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http://www.virginmedia.com/motoring/events/geneva/bmw-m5-video.php
The Houston Rockets welcome HGS and GSH members, family, and friends to Toyota Center on Friday, March 18th to see the Rockets take on the Boston Celtics. Order deadline is March 10, 2005. Tickets will be mailed. Tickets ordered less than ten days before the game will be held in Will Call.
http://www.hgs.org/en/calendarevents/printview.asp?calendareventid=353